**mwr vs twr**

Could anyone explain me logic behind " MWR can have upward (downward) bias relative to the TWR when large contributions are made just prior to a period of strong (weak) performance." I am confused?

Have you tried to model it in Excel?

Seriously: you’ll learn it much better if you work it out yourself with some real numbers.

No, I have not. But I will try.

Let us know what you find.

1 Like